XYZ Company produces a single product with the following information available. Evaluate and construct an Income statement using Variable Costing. (Marking Scheme: Unit Product Cost Computation - 3 Marks, Correct Preparation of Income statement - 7 Marks) 40,000 units BHD 80 Number of Units Produced and Sold Annually Selling Price per unit Variable cost per unit: Direct Materials Direct Labor Selling & Administrative Expenses Fixed Costs per year: Manufacturing overhead Selling & Administrative Expense: BHD 8 BHD 5 BHD 2 BHD 80,000 BHD 60,000 1